The BJP’s Amit Malviya responded to Rahul Gandhi’s statement about India facing an “economic tsunami” due to the removal of shock absorbers, calling it fear-mongering. Malviya questioned the validity of Gandhi’s claim by pointing out the economy’s resilience amidst various challenges like high crude prices and geopolitical uncertainties.
Malviya presented statistics showing positive economic indicators, such as growth in e-way bill generation, manufacturing PMI, services PMI, electricity consumption, and auto sales. He emphasized that retail inflation was below the RBI’s target, and buffer stocks for rice and wheat were ample, ensuring food security.
Highlighting India’s strong economic fundamentals, Malviya mentioned record FDI inflows, comfortable forex reserves, and measures taken by the government to support businesses and citizens during crises. He outlined initiatives like excise duty cuts, credit support for MSMEs, and investments in coal and lignite gasification to strengthen the economy’s shock absorbers.
